Holiday Laboratories purchased a high-speed industrial centrifuge at a cost of $450,000 Shipping costs totaled $26,000. Foundation work to house the centrifuge cost $8,600. An additional water line had to be run to the equipment at a cost of $3,300. Labor and testing costs totaled $7,000. Materials used up in testing cost $3,800. The capitalized cost is: 8 Multiple Choice $476,000 $495,600 $487.900 $498,700